Arete Trading Weekly Report

🔥Massive Market Reversal. 📉

Massive Market Reversal Today! We saw the indexes slice through major support levels and leave very little if any signs of a bounce. We started off opening higher but right into resistance levels. We were immediately met by systemic professional selling. Several traps were laid during the day for the bulls and some bit at them. Usually they reversed back to selling in a short period of time. Right now the only safe harbor is utilities and bonds. In time of uncertainty, investors will buy the safest yield to get some time of return. We saw the bond market rally again keeping rates on the 10 year below 1.5%. This is staggering considering that Powell expressed his position on inflation. One reason for this in the new variant and the lack of understanding. This is wrecking havoc on the travel industry. South Africa stated that they will lose billions of dollars based on the new travel restrictions. This obviously affects airlines, hotels ,restaurants as well as retail. The IWM is going to continue to bear the brunt of the selling due to it travel and entertainment exposure. Now is not the time to try and pick bottoms. We sliced through the major support of the SPY today and the 50 day moving average. Usually when we close below the 50 day we have seen the index spend a total of 7 days below it on average. It’s best to let this play itself out and focus on short term trading and a hyper focus on capital preservation. One key factor I look at daily is how did my trades fare. I look at what worked and what did not every day. Every bearish reversal alert today worked. I am fairly good at reading charts after doing this for over twenty years. I can say with a degree of certainty I am not that good. Just like when your long trades work you should press. Same with shorts. Its best to focus on indicators for reading when this may end. Watch the Advanced decline line, the VIX, New 52 week highs , New 52 week lows. This will give us a basic understanding as to the health of the market. Hyper focus on the VIX anything over 30 is dangerous. Right now we are over it at 31.86 . This is 100% rise in 30 days. I am looking at several new trading ideas but I need the markets to stabilize before committing to any long term trade ideas now. The video posted below contains some short term trading ideas for tomorrow. Both on the long side and short side. Key Levels on the charts !

Let’s Look at the Indexes

Let’s Look at our Stocks

Subscribe to You Tube! 👈Subscribe and turn on notifications. There is a new daily video after the market Monday through Thursday! It’s called the Top 5 in 5. It consists of the best five ideas for the next day and I condense it into 5 minutes. Its loaded with actionable ideas. Its worth your time. It is hyper specific and actionable. When you subscribe turn on notifications so you are notified of the daily Premarket live shows ,Top 10 Weekly Buy List and educational videos. The video below is Today’s stock picks. There are longs and shorts.

Please make sure you Subscribe to Twitter! 👈and turn on notifications. There are times my updates are timely. If you do not see a position and have questions please email me: ARETE@ARETETRADING.NET Wishing everyone Massive Success

Now you can share the Newsletter!

👇👇👇

Subscribe Now

👇👇👇